diff --git a/README.md b/README.md
index 8681938..0118335 100644
--- a/README.md
+++ b/README.md
@@ -84,3 +84,10 @@ To put data to a Spectra S3 appliance you have to do it inside the context of wh
 [An example of getting data with the Python SDK](samples/gettingData.py)
 
 [An example of how give objects on the server a different name than what is on the filesystem, and how to delete objects by folder](samples/renaming.py)
+
+## Creating a New Release
+Update the version of the SDK before creating a new release. The format is `<major>.<minor>.<patch>`, where the 
+`<major>.<minor>` numbers must match the version of BP. The `<patch>` is an incrementing number that increments with 
+each SDK release for a given major/minor release.
+
+The release number is specified in `setup.py`.
diff --git a/setup.py b/setup.py
index dbd325a..9a817c2 100644
--- a/setup.py
+++ b/setup.py
@@ -14,7 +14,7 @@
 from distutils.core import setup
 
 setup(name='DS3 SDK',
-    version='5.3.0',
+    version='5.4.0',
     description='Python3 SDK and CLI for Spectra S3',
     author_email='developer@spectralogic.com',
     packages=['ds3'])